Edmond de Rothschild Corporate Finance has advised Adista shareholders on sale of majority stake to Equistone Partners Europe - Announced

Corporate Finance - 7/4/2016

Edmond de Rothschild Corporate Finance advised the shareholders of Adista, founding managers Gilles and Pascal Caumont, Grand Est Investissement (GEI), Institut Lorrain de Participation (ILP) and TMM Consulting, as well as the management on the sale of their majority stake to Equistone Partners Europe. Long-standing shareholders are reinvesting in the transaction.

Founded in Nancy, Adista is France's leading independent provider of telecommunications services (high-speed internet access, fibre optics, telephony, secure private networks, etc.) and services hosted in the “cloud” (IT system externalisation, hosting, collaborative tools, big data, etc.) for SMEs, mid-sized companies and local communities.

With first-class technical infrastructure, highly qualified teams and national sales coverage via a network of 24 branches, Adista offers companies and communities both telecoms and IT services as part of a one-stop shop service with high added value and excellent customer service.

Thanks to its recurring revenue model, Adista recorded a turnover of more than €65m in financial year 2015 and has posted remarkable growth since 2010 (about +25% yearly in organic growth). Adista made several acquisitions to expand its geographic network and business expertise.

Adista enjoys favourable prospects and expects to continue its pattern of strong internal growth while simultaneously making targeted acquisitions in order to consolidate the B2B telecoms and cloud hosting services markets.

Edmond de Rothschild Corporate Finance also advised shareholders on financing the transaction by setting up a unitranche debt instrument.

Advisers for the sale

Edmond de Rothschild Corporate Finance: Christian Ménard (member of the Executive Board), Robert Peterson (Associate Director), Sébastien Mitton (Director), Aurélien Bouvier (Associate) / Financing: Grégory Fradelizi (Executive Director)

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